- Bitcoin’s prospects for 2025 look good.
- Trump and Wall Street’s crypto embrace are two key drivers, experts say.
- We checked what everyone from BlackRock’s Larry Fink to Maelstrom’s Arthur Hayes say will drive the price.
Bitcoin will skyrocket in 2025, analysts say.
Market bulls say the crypto’s price will break records, buoyed by pro-industry policies from Donald Trump’s White House.
However, Trump’s return to the Oval Office isn’t the only factor driving the price.
Here’s what experts like BlackRock CEO Larry Fink, Maelstrom Chief Investment Officer Arthur Hayes, and other analysts say will supercharge the price.
BlackRock’s Larry Fink
Fink sent a strong signal about Bitcoin when he spoke at the World Economic Forum in January.
BlackRock’s head honcho said the investment giant was in conversations with sovereign wealth funds that are exploring allocating between 2% and 5% of their portfolios to Bitcoin.
“If everyone adopted that conversation, it would be $500,000, $600,000, $700,000 per Bitcoin,” Fink told Bloomberg News.
Kraken’s Thomas Perfumo
Global macroeconomic conditions and net capital inflows into crypto will drive the digital asset market in 2025, crypto exchange Kraken’s head of Strategy Thomas Perfumo told DL News at the end of 2024.
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Central banks will continue to ease interest rates, which will “increase money supply and lead to a further appreciation and validation in Bitcoin’s underlying value proposition,” he argued.
This will fuel demand of investment into products like Bitcoin exchange-traded funds, which “will continue to smash records,” Perfumo said.
Bitwise’s Matt Hougan
In December, Bitwise CIO Matt Hougan predicted that capital flows into crypto ETFs, and companies like MicroStrategy that buy Bitcoin will push the asset’s price to $200,000 in 2025.
This week, Hougan said the prediction “may turn out to be conservative.”
Why the bullishness? Not only has money flowed into ETFs and Bitcoin lending programmes, but Trump’s sweeping executive order to mainstream crypto has now “created a pathway for the largest Wall Street banks and investors to move aggressively into the space,” Hougan argued.
“I’m convinced [this] will bring trillions,” he said.
Hougan caveated that Trump’s impact will probably “be felt over the course of years, not months.”
Maelstrom’s Arthur Hayes
Hayes is short-term bearish — while long-term bullish.
Maelstrom’s chief investment officer said this week that the DeepSeek-induced market turmoil risks dragging Bitcoin’s price down to $70,000 in the short term.
But whatever dip may happen will be short-lived as central banks look set to print money to smooth out volatility this year, Hayes argued.
A “resumption of money printing that will send us to $250,000 by the end of the year,” Hayes said on X.
Standard Chartered’s Geoff Kendrick
Geoff Kendrick, global head of digital assets research at UK bank Standard Chartered, offered a similar prediction.
The market wobbled after Trump’s inauguration.
Kendrick argued that this was expected as traders adjusted their expectations of the new president’s policies.
Still, Kendrick argued that Trump will fuel Bitcoin’s rally, enabling it to hit $200,000 in 2025.
CoinShares’ James Butterfill
Trump’s executive order called for a study into the establishment of a national digital asset stockpile, among other things.
This triggered an outcry from industry stakeholders who back only Bitcoin.
However, CoinShares’ head of research offered a different perspective.
“I would have been disappointed” if Trump had simply said to buy Bitcoin, James Butterfill said on the Scott Melker podcast this week.
Establishing a digital asset working group with 180 days to recommend a regulatory framework to govern digital assets is “incredibly encouraging,” Butterfill said.
That could, potentially, include Republican Senator Cynthia Lummis’ proposal to establish a reserve that holds 200,000 Bitcoins, worth over $2.1 billion in today’s prices.
“If she can get this passed through Congress, that has far more greater longevity than just an executive order that just says ‘buy Bitcoin right now,’” Buttefill said.
10xResearch’s Markus Thielen
The amount of available Bitcoin on exchanges is drying up as centralised platforms hold 2.4 million of the assets, according to CryptoQuant.
That means the availability of Bitcoin is at a seven-year low. Low supply usually translates to higher prices.
“We can see this squeeze higher and there is an incentive to keep prices high,” said Markus Thielen, co-founder and CEO of 10xResearch, on Melker’s podcast.
Crypto market movers
- Bitcoin surged 2.6% over the past 24 hours to trade at $105.200.
- Ethereum’s price increased 2.6% to trade at $3,219.
What we’re reading
Pedro Solimano is a markets correspondent based in Buenos Aires. Got a tip? Email him at psolimano@dlnews.com.
